Friday, August 25, 2017

COMMENTS NO: YEAR/2015/1048

"A LAWYER OF A PSU BANK:'Your Honour! This Banker is equally punishable as he shared his CBS Software Password with his Boss. His culprit boss committed the Housing Loan fraud by using the CBS software password of this person's ID.' A JUDGE OF SUPREME COURT:'RBI has instructed all the PSU and Private Banks to implement BIOMETRIC AUTHENTICATION for logging into the CBS Software. Why your Bank has not implemented it for all its employees till date? This is a fault of the Bank's Administration. Therefore, no punishment to be given to the person who shared the password to the culprit.'"- Arindam Sain

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